Strengthening Families & Communities LLC Reduces Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Strengthening Families & Communities LLC lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 97.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193 shares of the semiconductor company’s stock after selling 6,252 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Synopsys were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kieckhefer Group LLC purchased a new position in shares of Synopsys during the 4th quarter worth approximately $27,000. Tsfg LLC boosted its position in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in Synopsys by 40.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 20 shares during the period. Princeton Global Asset Management LLC bought a new position in Synopsys in the third quarter worth $44,000. Finally, nVerses Capital LLC purchased a new position in Synopsys during the third quarter valued at $51,000. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $531.33 on Tuesday. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The company has a market cap of $82.13 billion, a P/E ratio of 36.59, a PEG ratio of 3.49 and a beta of 1.12. The stock’s fifty day moving average price is $513.49 and its 200-day moving average price is $518.39.

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 target price on shares of Synopsys in a research report on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research report on Wednesday, December 4th. Finally, Mizuho assumed coverage on Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $641.82.

Synopsys Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.